BlogBookkeeping tips to help you build a solid financial foundation for your business. |
What’s your biggest business win?
I'm proud to be able to enjoy and have fulfillment in my work, while supporting and prioritizing my family and mental health. How does knowing your numbers help with your business’s success? It allows me to make strategic decisions to grow the business, when we hire, gives me continued drive to reach specific goals What is one of the main reasons your business is succeeding? There is more than one reason. support mainly though. support of my team, referrals and my family. What business finance advice would you give to fellow business owners? hire someone to manage your books. that was the first area I outsourced. Sure, I could do it..but I dreaded it and wasn't always sure I was doing it right. I have time and mental space back - that in and of itself was worth it to me. What positive changes have you noticed since partnering with Silver Leaf Office? I don't even worry about anything with Brittney. I trust her, respect her and have confidence in what she does. I know she only ever wants what's best for me and my business. We have grown rapidly and we've had seasons where we've maintained and/or grown steadily. All of which made perfect sense for me as a business owner, and she know all of this because she knows me as a human first and knows the real possibility of burnout. What advice would you give to other business owners who are considering hiring a bookkeeper? just do it. so worth it. What’s your biggest business win?
Growing our studio from one teacher to 6 teachers and adding an administrative assistant. Having the time to create my first online course for teachers. How does knowing your numbers help with your business’s success? It's allowed me the ability to provide a quality service and pay for quality teachers. This keeps families invested in learning piano with us, keeping student turn over at a minimum. What is one of the main reasons your business is succeeding? SYSTEMS! This year we have focused on setting up repeatable systems in the studio which saves me time and allows more time to work on the other part of my business coaching and creating courses for piano teachers. What business finance advice would you give to fellow business owners? Stop guessing at your numbers and stop trying to do it all alone. Get professional help! What positive changes have you noticed since partnering with Silver Leaf Office? Having Brittney as a sounding board for the times when I want to increase studio rates or increase teacher wages has been invaluable. Looking at the numbers, Brittney can tell me what will work with the budget and my goals. I am understanding the finance lingo and feel more confident as a business owner. Also, using Profit First system has allowed me to be ready for tax season without fear because I know it's all there ready to go. What advice would you give to other business owners who are considering hiring a bookkeeper? Do it before you think you need it. You may think it seems like an expense you are not ready for, but you will definitely save time and gain confidence when you know your numbers. Then as. your business grows, you will already have systems in place that can grow with you! What’s your biggest business win?
Creating a business that works around my other life priorities How does knowing your numbers help with your business’s success? It gives me a concrete basis for strategic decision making What is one of the main reasons your business is succeeding? Strong saving in the early years and being willing to do the scrappy, tedious work What business finance advice would you give to fellow business owners? Don't spend impulsively! Sleep on spending decisions. What positive changes have you noticed since partnering with Silver Leaf Office? The money crunching is off my mind which is a huge blessing What advice would you give to other business owners who are considering hiring a bookkeeper? It's a safeguard for your mind and business - do it! What is your best tip for owning a business? What you need is usually right in front of you. Look for the obvious people, ideas and solutions rather than breaking your brain over being ultra creative and innovative. |